Economic Goals & Values

Justin Klaphake

Economic Goals & Values

Justin Klaphake

Economic freedom and efficiency

You have to be able to produce goods in order to save goods.

If you're not able to produce anything there wont be anything to save and you wont know when or if goods are available.

U.K.

Economic Equality

The UK has a very high level of income inequality compared to other developed countries. Households in the bottom 10% of the population have on average a net income of £9,277. The top 10% have net incomes over nine times that. Wealth in Great Britain is even more unequally divided than income. The richest 10% of households hold 45% of all wealth. The poorest 50%, by contrast, own just 8.7%.

Economic Growth and Innovation

Britain's has a poor record in innovation and embracing technological change with new estimates showing a key measure of productivity fell in 2014 for the third year in a row. UK businesses have made good progress on job creation but productivity has not yet followed suit.

Economic Freedom

The United Kingdom’s economic freedom score is 74.9, making its economy the 14th freest. Britain’s economy has been consistently rated one of the world’s 20 freest. The U.K. has been largely on a path of declining economic freedom. With government debt over 90 percent of the size of the economy, underlying economic fundamentals generally remain weak.

Kenya

Economic Equality

Kenya does not have an equal distribution of wealth. Apportionment is not similar. Women occupy 87 of the 416 seats of the newly-established National Assembly and Senate chambers. Currently it has 15 per cent, one of the lowest incidence in the Eastern African region.

Economic Growth and Innovation

They don't have much Economic Growth and Innovation. Innovation is at a juncture in Kenya. Under the current plan, annual infrastructure investment is expected to reach $5.5bn by 2015 and will fund the construction of more than 600 km of roads and the expansion of airports, ports and railways.

Economic Freedom

Kenya's economic freedom is mostly not free and is rated number 115th in the word. Challenges to sustaining long-term economic development include the weak rule of law, which remains uneven across Kenya. Kenya’s economy is one of Africa’s most developed.